Delaware State University writes off $700,000 Debt for Graduates Affected By Pandemic

Delaware State University has written about $730,655 debt for graduates that are affected by the pandemic. The pandemic…
Delaware State University

Delaware State University has written about $730,655 debt for graduates that are affected by the pandemic. The pandemic has affected a lot of people, organizations, and even countries as a whole. Grad students are not also left out as some have faced financial problems during the pandemic.

The average eligible student will have about $3,276 in debt written off, which is almost one-third of the tuition for a year, according to Strategic Enrollment Management’s Vice President, Antonio Boyle. This decision will help over 220 graduated students.

Too many graduates across the country will leave their schools burdened by debt, making it difficult for them to rent an apartment, cover moving costs, or otherwise prepare for their new careers or graduate school. While we know our efforts won’t help with all of their obligations, we all felt it was essential to do our part.

Mr. Boyle

You can also read: MDMA Therapy’s Phase-3 Trial Proves Successful for Treating Severe PTSD

The American Rescue Plan for COVID-19 relief sponsored by the federal government is the brain behind the funds used for the cancellation of these debts. Tony Allen, the University President, emphasized the importance of debt relief, maintaining that their students aren’t just there to get a quality college experience. The majority want to transform the economic lifestyle for themselves, their families, and their society at large.

Dr. Allen mentioned that this debt relief is targeted towards keeping student debt manageable.  He said that the University hasn’t increased its tuition for the past six years. The university issues each incoming student a MacBook or an iPad, according to Dr. Allen

The University is making efforts to replace traditional textbooks with affordable digital versions.  According to the assessment of top colleges in America made by US News & World Report, Delaware State University was listed among the top 1 percent in Social Mobility.

Featured image source

Total
0
Shares
Related Posts